One of the reasons that I'm bullish on cryptocurrencies, and Monero, in particular, is that many countries are resentful of the US dollar as the world's reserve currency. From their perspective, they would prefer that their currency were to displace it.
But few countries are likely to support a switch to the Russian ruble or the Chinese renminbi, as their governments are even less trustworthy than the US. However, a critical mass of countries might get behind a politically neutral currency, one not controlled by any single state.
And few governments--especially governments like Russia and China--are likely to switch to a currency where their every financial move can be tracked (as can be done with Bitcoin now). So a currency like Monero might be very appealing to them as a global reserve currency.
But few countries are likely to support a switch to the Russian ruble or the Chinese renminbi, as their governments are even less trustworthy than the US. However, a critical mass of countries might get behind a politically neutral currency, one not controlled by any single state.
And few governments--especially governments like Russia and China--are likely to switch to a currency where their every financial move can be tracked (as can be done with Bitcoin now). So a currency like Monero might be very appealing to them as a global reserve currency.